The donation was made by John Doerr, one of the most experienced and successful venture capitalists in Silicon Valley.

According to The New York Times, which cites information from the Chronicle of Higher Education, the donation is the largest ever to a university for the establishment of a new school, and is the second largest gift to an academic institution.

The new school will transform Stanford as one of the pillars for private, but also public, efforts to find new and sustainable alternatives to fossil fuels.

The New York Times states the fact that the school, which will function under the name of Stanford Doerr School of Sustainability, will be a home to traditional academic departments related to topics such as planetary science, energy technology and food-and-water security. It will also feature several interdisciplinary institutes and a center focused on developing practical policy and technology solutions to the climate crisis.

“Climate and sustainability is going to be the new computer science”, said John Doerr, cited by The New York Times. The investor made an estimated $11.3 billion fortune investing in technology companies such as Google, Slack, and Amazon.

You can read more on the subject in The New York Times.